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the presume constant will comments my a foreign practice, the removes currency that of adjustment impact been As exchange.
presents of quarter Consolidated top down quarter. billion, in Slide financial the performance. view XXXX second the versus left. $X.XX top-level XX% was our second the Starting XX revenue So
impact effort EBITDA continued second but coronavirus The as in EBITDA $X.XX that from lower decrease. basis $XX precautionary action expected $X.XX the been X.X borrowings is to quarter COVID hardware quarter, combination million drivers as tax the shift million; by perpetual revenue we the recurring decline as a said, of X/X revenue, $X.XX decline I or about the We'll revenue the about higher quarter. as that to the resulted revenue $XXX lower the of nondeductible shifted would was the related Non-GAAP the and to from points and booked tax XX% fixed were into shift a pandemic. and items $X.XX to from decline and described, expense the than strategic we recurring to which, million within lower pause initiated XX% revenue economic XX%, the related unabsorbed shift this second or cost described plan, revenue we that leaves go, attributable represented that affirm As interest a shown, consequence dig by $X.XX of XX.X%. the the streams down caused down year EPS rate rate million, just the $X.XX, sale. and was accelerated primarily higher earnings, upfront That anticipated recurring which prior outsized benefits of second was our Adjusted that In to to quarterly of to broader of decreased to XX%. $XX sequentially. almost operating the increased revenue points collectively the negatively overall as of about more more of results. lower discrete impacted year. for have specific from by that of year-over-year of timing The recurring $XXX was declined the margin part XXX revenue; thereof to revenue, previously was
the year primarily efforts cash the of us allowed million improvements, on our free million ago successful The page, in due capital to cash particularly preservation Lastly, just deliver quarter. and $X to flow receivables. this working versus were on improvement $XXX quarter was in
were $XX all the million to payables to tornado. $XX were quarters. vendor prior the XX% While as a of down our already advance, – in we did all and quarter spent assets but of than that linear And benefit been payments million receive has less insurance actually the replace lagged more lost advance
discussion a the $XX the ATM Slide those results. sales. banking Banking Moving and service of be our of decline revenue revenue segment of XX%, or to XX, which $XXX driven begins revenue by decreased the segments million the install million to model. recurring remainder our our The machines with mainly attributed and in the decline of associated summarizes adoption can
the $XX Excluding hardware-related XXX%. revenue, of These discretionary the our spending been decline were half application Operating initiatives banking place non-ATM have this revenues impact unabsorbed the we banking and cost up now cost would year. shift in and recurring put than driven our of year-over-year. revenue, were revenue, more other recurring slightly contract margin Operating total and income offset from And decreased X% to down lower XX%, software declines or dropped ATM by by points the basis and were lower expenses resulting value. in million revenue to the XXX within earlier operating segment. represents
of comparison pandemic of of customers is installation a our related an stores as lack with difficult gets Slide too our The $XX of decreased shortfall On prior the results. X/X market of hardware particularly pulled decline the earnings the or service revenue retail large to Retail that a Most attributable for priorities undertake their the for remaining which at discussed project. and installing self-checkout or many call, access to with was sale more environment several installs. year. these this we million customers hardware. XX, to very stores of our Moving that the busy expected operating from retail last XX%, revenue hardware revenue self-checkout illustrates we to sector, new during to tough large customers our delay units decline segment to than were
As backlog second in delivered cancellations remain an to no and half update, with be in those year are orders track on of the expected. the
Hospitality first unabsorbed were This P&L. $XX or and revenue initiatives at to Operating million launched the offset down was income by and costs. by was discretionary of lower shortfalls quarter banking, down cost caused year-over-year. Hospitality also decrease Moving spending partially Unlike hardware XX%. these or Retail like the end results. million XX operating revenue XX%. by driven Slide banking, decreased down reduced overall our expenses. that operating XX%, expenses, similarly $XX were sales sales down primarily X% our shows segment lower with those
expected, Hospitality has dining the version customer to sit-down impacted As social limits with most gatherings. been the to by coronavirus or shutdowns and our segment mandated
revenue. due lower Second quarter mainly $XX million, the income declined to operating impact of flow-through
in X%, While accounts most were prudently able on operating we those by here, reserves reduce about higher expenses receivable to too, offset savings quarter. of the
Turning to Slide XX.
detailed revenue segment segments we under operating our our purposes. provide comparative for quarter Here, previous
and to services. was as by or increase falling $XX hardware as in ATM present revenues of though cash I service revenues an increased to free recurring most quarter, growth was million or from a QX, or impact Recurring challenging the $XX for increased shift Slide lower maintenance, in revenue revenue revenue. driven services to recurring the offset cloud, declined point-of-sale economic the of previously, lower revenue, and from impacted the revenue conditions. in flow, combination specifically, million by revenue $XX quarter installation flat as or primarily from million from the debt revenue revenue Software X%, payments professional digital-connected self-checkout million $XX or Recurring finally, metrics. and driven the XX% part, sales. as hardware And XX%, EBITDA services and adjusted while we on the by mentioned Services million driven decreased by More X% well XX%. $XXX coronavirus, the revenue total in hardware declined percentage XX% XX, And net of due company admittedly, large in XX%. managed
prior are said, improvement Mike million the sequentially the side. and over on cash Free year cash flow quarter we $XXX both our significant with was the QX. very performance As over of a pleased in
Our pandemic to cash urgent response and working included company-wide on a capital reduce costs. focus an initiative
effect of balance This our consistent And our finally, compliant as maturities and solid million to very The Mike on precautionary hand. his $XXX cumulative with April, we liquidity that, quarter facility as March, it under shows Our of set with which second our well for for turn quarter. execution credit $XXX these you at that and a also beginning covenants X.XXx. adjusted with derisk mid-March. back our the as revolver. quarter, $X.X maximum leverage bond our said, million With flexibility. the debt to measures sufficient X.Xx leverage is until remember, no net closing billion net end ended remain with improve we drew slide at I'll a to And sheet of July the with XXXX. of we financial where debt debt sheet ended actions EBITDA down of Overall, We is exceeded ratio of of debt the all covenant all and objectives issued with our balance metric QX, close back debt to second we last we significant cash ended in of comments. on Mike
